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Jul 9, 2011
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and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that s
and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional...
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Jul 20, 2011
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. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the firestorm over phone hacking in britain put media magnate rupert murdoch on the hot seat today before a committee of parliament. along with his son and a former top executive, murdoch faced close questioning, and a closer encounter with a pie plate. outside, the sidewalks were crowded with protesters against the murdochs and their newspapers, and british prime minister david cameron. inside, rupert
. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and...
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Jul 12, 2011
07/11
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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Jul 1, 2011
07/11
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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Jul 18, 2011
07/11
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province along with another guy who was also close to the president, this is cumulatively speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not clear who is in control. it's really not clear where these chips are going to fall. >> you wrote aboutç that ioç oe of the recent pieces for the post that the tenor of kabul is changing. people seem to be preparing for that day when the last u.s. troops are out of there and trying to figure out where the power is going to be. >> exactly. people are very nervous and scared. the last time a super power was involved in afghanistan and suddenly left, which was of course the soviet union in 1989, it wasn't long after that that civil wary rupted which was incredibly vicious and destructive and destroyed much of
province along with another guy who was also close to the president, this is cumulatively speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not...
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Jul 27, 2011
07/11
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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Jul 29, 2011
07/11
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there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that the elements of a beale are here. you know, the problem from my perspective is, this is the easy stuff because it doesn't deal with tax,because it doesn't deal with entitlement. the question is, it doesn't even solve the deficit problem but it's been such a problem just to get the easy-- the question is that the rating agencies, the credit rating agencies and others, can can can they do the harder stuff right down the road? that, i think, is the real difficulty. >> one thing that hasn't been addressed, jim, and republica
there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that...
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Jul 25, 2011
07/11
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that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going to be a big effect because of the deal that fell apart on friday night. yet we didn't see that much of an effect, why is that? >> well, i think there, a lot of people are second-guessing how financial investors and financial markets are going to react. and they've been wrong and wrong again. most of the markets are a little jittery, a little nervous but they're not panicked yet. i think the heat will get turned up as it were, as we head closer to august 2nd. but right now i would say markets are nervous but not panicked. >> ifill: nervous but not panicked. let's talk about the state because a lot of
that's a big gap. means a lot of programs would be cut that would drive the u.s. into a recession. i think that's a much more likely scenario than a default scenario. it just seems inconceivable that the treasury department would not pay on our debt. that would create all kinds of havoc financially here and globally. so i don't think they'll do that. >> ifill: let me ask you a question in addition to that on friday night people said when the markets open on monday morning there is going...
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Jul 7, 2011
07/11
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there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time high but when it comes to entitlements, there's no movement. it really is rock solid when we see 2 to 1 margins. >> and again entitlements meaning social security. >> and even medicaid, having states raise -- make it -- reduce eligibility for medicaid, not 2 to 1 but a solid majority say no let's not do that. >> woodruff: naftali -- with public opinion aside, what sort of divide or is there one among the leadership in the democratic or republican parties between the rank and file. >> i think that is one of the most interesting dynamics
there is a big income divide. affluent republicans say it is more important to reduce the deficit but poorer republicans, middle class and lower middle class republicans say no, no, protect our benefits. >> woodruff: and are these attitudes, andy, that have changed over time with all the attention that's now being give tone the size of the debt and the urgency of the problem. >> you know, people are willing to do a lot of things to reduce this deficit. the concern is at an all-time...
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Jul 5, 2011
07/11
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he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read president clinton reiterated today just makes sense if it's cheaper to do business here in the united states, then jobs will be created here. if it's cheaper to keep that cash and to create jobs abroad, that's what businesses will do because it makes economic sense. but again i think the last thing i would think you would want to do when the recovery is is so anemic and when the private sector is sort of sitting on the side lines because they don't know what the costs of doing business are going to be, tax rates, regulatory policy, that i think we need
he's calling for a big, big compromise at this point. but let me ask you about what bipartisan folks like bowles, alan simpson, the center for responsible federal budget. i mean they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side, that you have to go after revenues to get to that number. >> i think there's really two parts to that, judy. one is to reduce the overall business tax rate hopefully to make us more competitive globally. as i read...